The Nigeria inflation rate declined for the seventh consecutive time to 15.99 percent in October 2021. The figure is 1.76% points higher than the 14.23 percent recorded in October 2020.…
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Category: Economy
FG considering out-of-court settlement with states on VAT tussle – Ahmed
The federal government is considering political paths to resolve the ongoing value-added tax (VAT) tussle, minister of finance, Zainab Ahmed has said. The FIRS and some state governments are currently…
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Nigerians to pay more electricity as NERC increases price of metre
By our reporter/ Nigerians will from Monday pay more for electricity as the Nigerian Electricity Regulatory Commission (NERC) has jerked up the price for single phase and three phase metres.…
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Ahmed: Nigeria to replace fuel subsidy with ‘transport subsidy’
By our reporter/ The federal government will pay Nigerians transport allowance after removing fuel subsidy, Zainab Ahmed, minister of finance has said. Zainab, who made the disclosure while peaking during…
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Nigeria loses top spot to Libya as oil ouput suffers decline – Report
Nigeria’s output declined further in October, losing the top spot to Libya amid persisting supply disruptions. This is according to the latest monthly oil market report released by the Organisation…
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